Emerging Technologies
LSEG’s private funds platform, Microsoft’s new datacenter, and more
The Waters Cooler: New private markets solutions, M&A activity, and a sprinkle of DLT in this week’s news roundup.
Chief investment officers persist with GenAI tools despite ‘blind spots’
Trading heads from JP Morgan, UBS, and M&G Investments explained why their firms were bullish on GenAI, even as “replicability and reproducibility” challenges persist.
Wall Street hesitates on synthetic data as AI push gathers steam
Deutsche Bank and JP Morgan have differing opinions on the use of synthetic data to train LLMs.
A Q&A with H2O’s tech chief on reducing GenAI noise
Timothée Consigny says the key to GenAI experimentation rests in leveraging the expertise of portfolio managers “to curate smaller and more relevant datasets.”
Etrading wins UK bond tape, R3 debuts new lab, TNS buys Radianz, and more
The Waters Cooler: The Swiss release an LLM, overnight trading strays further from reach, and the private markets frenzy continues in this week’s news roundup.
AI fails for many reasons but succeeds for few
Firms hoping to achieve ROI on their AI efforts must focus on data, partnerships, and scale—but a fundamental roadblock remains.
Waters Wavelength Ep. 330: AI hot takes
It’s Shen and Reb this week talking about AI and the landscape for fintech partnerships.
Is 2027 the new 24-hour trading target?
Slew of technical issues and dearth of SEC staff compound exchanges’ reluctance for round-the-clock equity trading.
Fintech powering LSEG’s AI Alerts dissolves
ModuleQ, a partner and investment of Refinitiv and then LSEG since 2018, was dissolved last week after it ran out of funding.
SNB researchers test LLM-based FX trading strategy
Meta’s Llama 3.1 comes out on top at predicting G10 currency sentiment based on news articles.
CFTC adopts Nasdaq tech, LSE gets Pisces OK, HFT startup gets funding, and more
The Waters Cooler: Tradeweb makes uncleared derivatives history, BNP Paribas nixes outsourced trading desk, and Taco Bell dumps its AI in this week’s news roundup.
Waters Wavelength Ep. 329: LLMs and the dead internet theory
This week, Reb and Tony talk about the internet and the problems compounded by AI.
The great disappearing internet—and what it could mean for your LLM
AI-generated content, bots, disinfo, ads, and censorship are killing the internet. As more of life continues to happen online, we might consider whether we’re building castles atop a rotting foundation.
Speakerbus goes bust, Broadridge buys Signal, banks mandate cyber training, and more
The Waters Cooler: The Federal Reserve is reserved on GenAI, FloQast partners with Deloitte Australia, UBS invests in Domino Data Lab, and more in this week’s roundup.
Waters Wavelength Ep. 328: FundGuard’s Lior Yogev
He joins the podcast to discuss legacy tech stacks at asset management firms.
One in four Fed staff could benefit from GenAI, study finds
New technology could reshape US regulator’s operations—but only with top-down push.
Northern Trust Asset Management enlists network theory to construct alpha signals
The $1.3 trillion asset manager will publish a paper later this year detailing how measuring network effects helps it better understand persistent drivers in trends.
‘AI for everyone, everywhere, with everything’
Waters Wrap: Anthony looks at some interesting projects involving machine learning, generative AI, and agentic AI from the last year.
Waters Wavelength Ep. 327: Standard Chartered’s Mo Rahim
He joins the podcast to discuss data and AI governance and guardrails for AI.
Paxos files to become SEC-registered clearing agency
The application comes after the blockchain infrastructure company completed a pilot in 2021 to test its settlement service.
Generative AI brings testing times for modelers
Flagstar’s lead model validator offers some tips for safely integrating LLMs into risk models.